What is tokenization?

Eliminating payment data from your network is the best way to help ensure that your customer’s sensitive payment information is safe. Century Business Solutions Tokenization replaces sensitive payment data with a unique identifier or token that cannot be mathematically reversed. The actual payment data is securely stored in our data centers. Typically, the token will retain the last four digits of the card as a means of accurately matching the token to the payment card owner, enabling you to run your operations without card data in your environment.

In this whitepaper we examine and analyze tokenization as an added security measure to secure electronic payment transaction and we provide data on costs and benefits of tokenization for businesses.